Life Insurance to suit your needs and budget

Asda Life Insurance offers a range of life cover designed to meet your needs.

Life Insurance (also known as Level Term Insurance)

Asda Life Insurance pays out a tax-free lump sum if you die or you’re diagnosed with a terminal illness. The pay-out (sum assured) remains the same, irrespective of when the policy holder dies. It’s usually purchased to provide your family with a sum of money to cover any borrowing and to provide enough money for living expenses for a number of years. If purchased as a stand alone product (i.e. without critical illness) , the amount you pay remains the same throughout the life of the policy.

Mortgage Life Cover

Protect the mortgage secured against your home. Asda Mortgage Life Cover is designed to keep your family living in the home you’ve worked hard for. With cover from £5 a month*, it pays out a cash lump sum to help pay off your mortgage if you die during the policy term. The pay out (sum assured) reduces as time passes, but the amount you pay remains the same throughout the life of the policy (if purchased without Critical illness cover).

Critical Illness

Critical illness cover is a long term insurance policy, where you will receive a tax free, one off payment if you are diagnosed with a serious illness. It is designed to cover your debts such as your mortgage or other borrowing and provide additional money for living. Each critical illness policy have different rules as to what they cover and how much they will pay out.

Examples of critical illnesses are:

- Heart attack

- Stroke

- Some debilitating diseases such as multiple

- Certain types/stages of cancer

Some policies provide a guaranteed monthly premium for the life time of the policy, others will be annually reviewable with premiums increasing over time or personal circumstance changes.

Do you need advice or wish to talk over the options available to you?

If you’re determined to do the best to protect your family, but are confused by the variety of life insurance products available, then you might wish to speak to an adviser who can give you free, no obligation, no hassle advice. Simply call 0800 975 1208° or request a call back

If you'd like advice or to have a chat about which product best suits your need, then call 0800 975 1208°. Lines open Monday to Friday 8am - 8pm. Saturday 9am – 2:30pm. If you know which product you require, then you can get a quick quote online.

How much will it cost?

This depends on the amount of cover you want, the number of years you want it over, your age and state of health. An adviser can help you obtain a quote if you are unsure.

What type of product do I need?

Our award-winning advisors are happy to talk you through your individual circumstances and can offer free, no obligation advice. They will also will search the market to find the product that is right for you – they’ll even complete all your paperwork. Call 0800 975 1208° Lines open Monday to Friday 8am - 8pm. Saturday 9am – 2:30pm.

If I am on medication, ill or have been to the doctor recently, will this affect my cover?

If you have an existing medical condition or a medical history, you might find your premiums are higher, and some restrictions on cover may be imposed. So it might be important to talk to an adviser, so they can find the right insurance company and policy for your particular circumstances. Call 0800 975 1208 Lines open Monday to Friday 8am - 8pm. Saturday 9am – 2:30pm.

What’s money like for mums?

*£5 premium is based on £78,125 of level term cover for a non-smoking individual aged 30 next birthday and in good health. Prices correct as at Jan 2015.

Asda Money is a trading name of Asda Financial Services Limited. Asda Financial Services Limited uses a selection of companies to provide its products and services.

°Advice on Asda Life Cover is provided by LifeSearch Limited. LifeSearch Limited is an appointed representative of LifeSearch Partners Limited, who are authorised and regulated by the Financial Conduct Authority no. 656479.